Virgin Galactic (NYSE: SPCE) is one of those companies that is high risk and high reward potential for investors. The company is literally trying to invent space flight as a business model, and could flame out before it generates any meaningful revenue.
But if the company succeeds, it could be the only company offering space tourism and mach speed travel. A decade from now, we’ll know whether the bull or the bear thesis wins out.
Don’t underestimate the risk
When thinking about where a company like Virgin Galactic will be in 10 years, you can’t deny that there’s risk the company goes under. The company is still effectively pre-revenue and burning hundreds of millions of dollars developing spacecraft. Any flaw with its test flight on Oct.